The housing market impacts of bicycle-sharing systems
Journal
Regional Science and Urban Economics
Journal Volume
98
Date Issued
2023-01-01
Author(s)
Abstract
This study provides the first willingness-to-pay estimate for docked bicycle-sharing systems by identifying these systems’ impacts on rental property values. Using rental listing data in Taiwan and applying a spatial difference-in-differences strategy, we find that the inception of a bicycle-sharing system significantly increases the rental prices of nearby properties. Results also indicate that citizens benefit from the system by solving the first-and-last-mile problem in public transportation but do not value the system as an independent transportation mode. We do not find robust evidence showing that the inception of a bicycle-sharing system improves air quality.
Subjects
Hedonic price models | Public bike share schemes | Sustainable transportation | Urban commuting
Type
journal article